Bank of America (NYSE: BAC) announced that Chip McLeod has been named president of Upstate South Carolina, succeeding Stacy Brandon who retired after 39 years with the company.

McLeod, who previously served as Merrill Lynch Wealth Management senior resident director, will lead Bank of America's market share growth efforts in the Upstate region, which includes Anderson, Greenville, Laurens, Pickens, and Spartanburg counties.

"Chip's established leadership and experience will ensure we're delivering on our responsible growth strategy to deepen relationships with clients, the community and teammates," said Brian Moynihan, chair and chief executive officer of Bank of America. "Chip will continue to grow our market share in the Upstate, delivering the full breadth of Bank of America's capabilities to help our local clients improve their financial lives."

McLeod brings more than three decades of experience in wealth management and financial services. He joined Merrill in 2007 and currently leads its work in Spartanburg, South Carolina, overseeing 14 associates.

Brandon led the Upstate South Carolina market for more than 10 years before her retirement.

The Upstate South Carolina market employs 270 Bank of America and Merrill employees across 20 locations. Since 2020, the bank has invested $3.8 million in philanthropic funding for organizations across the region and extended $67.8 million in small-business loans and $643 million in commercial loans in the Upstate.

McLeod is active in South Carolina communities, serving on the Council of Advisors on Consumer Credit since 2001 and as president of the Spartanburg Downtown Rotary. He graduated from Clemson University.